OZ Minerals Ltd, Australia's third-biggest copper producer, soared 16 percent to A$3.56, a nine-week high after saying it will increase copper and gold production this calendar year after 2013 production came in at the top end of guidance.

"Their quarterly numbers were strong even though the full-year was down," said Juliana Roadley, market analyst at Commonwealth Securities.

"I think what you've seen with them over the last year they have been really turning around their business, they're not lagging on change."

Meanwhile, Fortescue Metals Group will pay off $1.64 billion on its bonds in March, up to two years ahead of maturity, cutting debt as fast as possible while iron ore prices remain strong. Shares in Fortescue jumped 4.7 percent.

Coalspur Mines Ltd surged 19.4 percent to seven-month highs of 0.37, continuing its climb after the company said a regulator had closed its hearing relating to its application for approval of its Vista project earlier this week.